Multi-level entrepreneurial ecosystem framework: Founder, incubator, and country characteristics for start-up performance
研究了创始人团队、孵化器类型和国家宏观特征如何共同影响初创企业的增长和融资成功，基于全球178个国家408个孵化项目的数据。
The entrepreneurial ecosystem literature assumes the multi-faceted and multi-level nature of the ecosystem interactions and includes macro-, meso-, and micro-level characteristics. The joint multi-level analysis of start-up founders’ team characteristics, type of entrepreneurship ecosystem support, and its effect on start-up performance is limited. Our article bridges this gap and contributes to the entrepreneurial ecosystem literature by examining a multi-level model of the entrepreneurial ecosystem, including the role of the founder’s team, business incubation process characteristics, and macroeconomic characteristics where a start-up is located, in predicting start-up growth and fundraising success. Using a global data set of start-ups from 408 incubation programs across 178 countries and employing multi-level random intercept modeling, the analysis revealed that start-up performance relies on a specific combination of founders’ team and incubator-type characteristics.